CSW Industrials Inc (CSWI) slumped 3% or $1.05 to $32.77 after the diversified industrial chemical producer said revenues in the first-quarter ending in June dropped 5.4% from a year ago to $84.1 million.

Net income in the quarter plunged 52.9% to $4.1 million or 26 cents per diluted share compared to the $8.7 million or 55 cents per share from the same quarter last year.